NewsBTC •
February 3, 2026 at 02:40 •
Analysis
Bitcoin price extended its decline below $78,000. BTC is now attempting to recover from $74,500 but faces many hurdles near $80,000. Bitcoin is attempting to recover above $77,000 and $78,000. The price is trading below $80,000 and the 100 hourly simple moving average. There was a break above a bearish trend line with resistance at $78,400 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair might dip again if it trades below the $77,000 and $76,000 levels. Bitcoin Price Faces Resistance Bitcoin price failed to remain stable above the $82,000 zone. BTC extended its decline below the $80,000 and $79,500 levels. The bears were able to push the price below $78,000. It spared major bearish moves, pushing the price below $76,000. A low was formed at $...
